[SMM ESS Battery Cell Market Weekly Review 5.22] Price center remains stable, with production schedule dominated by the rhythm of structural orders

This week, the prices of ESS battery cells remained stable, with the quoted price center largely consistent with that of last week. For 314Ah battery cells, as some utility ESS projects have higher requirements for individual cell capacity, there is room for price negotiation in some orders. As the grid connection deadline (May 31) approaches, some projects have entered the stage of centralized equipment delivery. Overall, the pace of new orders has remained steady, and no significant procurement peak has emerged in the market. System integrators have mainly focused on rolling restocking and simultaneous project delivery. Demand from the industrial and commercial sectors has remained resilient, while the release of overseas utility ESS orders has been relatively slow. In terms of pricing, there is generally high acceptance of current quotes among upstream and downstream players in the industry chain, and there are no strong expectations for price changes in the short term. Overall, it is judged that the ESS battery cell market is in a phase of steady delivery and structural optimization. While prices remain stable, the product lineup continues to evolve towards higher capacity, greater consistency, and better system compatibility.

SMM New Energy Industry Research Department

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Wang Jie 021-51595902

Xu Yang 021-51666760

Chen Bolin 021-51666836

Yang Le 021-51595898